Scott Morrison: Storm clouds gather Down Under

Australia's treasurer appears to be making progress on the budget deficit, but seems to lack a strategy for a return to surplus amid an unexpectedly flat economy.

Scott Morrison: Storm clouds gather Down Under

Scott Morrison’s mid-year report card in December 2016 showed a better than expected budget deficit of A$37.1 billion $28.3 billion, suggesting the treasurer has made some headway in fixing Australia’s budget. 

Union-busting bills have delivered A$21 billion in savings and a new plan to establish a bond aggregator to encourage investment in affordable housing has garnered praise.

Still, there is no time to rest. His performance so far has...

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